March 14, 2014 / 6:11 AM / 3 years ago

German stocks - Factors to watch on March 14

FRANKFURT, March 14 (Reuters) - The DAX top-30 index looked set to open 0.9 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0707 GMT.

The following are some of the factors that may move German stocks:

ALLIANZ

Indicated 0.7 percent lower

The insurance company will publish its annual report.

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VOLKSWAGEN

Indicated 0.6 percent lower

Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in U.S. court, alleging that they improperly colluded in the run-up to a union election in Tennessee that the UAW lost.

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PORSCHE AG

Volkswagen's sportscar brand Porsche presents annual results.

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GERRY WEBER

Indicated 4.5 percent lower

The retailer said its Q1 EBITDA rose 4.9 pct to 24.3 million euros ($33.8 million) and confirmed an outlook for full-year sales of at least 900 million euros.

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DEUTSCHE BETEILIGUNGS AG

No indication available

The company reported a first quarter net profit of 12.4 million euros and confirmed forecasts for the year.

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TIPP24

Indicated 2.7 percent lower

The lottery company said a jackpot win of around 6.7 million euros in a smaller lottery means winnings payouts are higher than average in the current fiscal year, causing a negative revenue effect of 3.9 million euros. It will announce guidance for fiscal year 2014 on March 26.

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ANALYSTS' VIEWS

HORNBACH HOLDING - Berenberg starts with 'buy', price target 79 euros

HORNBACH BAUMARKT - Berenberg starts with 'buy', price target 40.50 euros

HEIDELBERGCEMENT - Berenberg cuts to 'hold' from 'buy'

OVERSEAS STOCK MARKETS

Dow Jones down 1.4 pct, S&P 500 down 1.2 pct, Nasdaq down 1.5 pct at Thursday's close.

Nikkei down 3.3 pct at Friday's close.

GERMAN ECONOMIC DATA

Final Feb. CPI confirmed at +0.5 pct m/m +1.2 pct y/y. HICP for Feb. confirmed at +0.5 pct m/m, and +1 pct y/y.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7180 Euros) (Reporting by Edward Taylor and Victoria Bryan)

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